Tecnoglass (NASDAQ:TGLS) was upgraded by equities research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued on Friday.

Other equities research analysts have also issued reports about the company. Zacks Investment Research raised Tecnoglass from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a research report on Wednesday, November 22nd. Dougherty & Co lowered Tecnoglass from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 15th. Finally, BidaskClub lowered Tecnoglass from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $12.50.

Tecnoglass (NASDAQ:TGLS) traded up $0.07 during mid-day trading on Friday, hitting $6.97. The company had a trading volume of 33,207 shares, compared to its average volume of 25,345. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.74 and a current ratio of 2.38. The firm has a market cap of $236.30, a price-to-earnings ratio of 15.68, a P/E/G ratio of 0.80 and a beta of 0.51. Tecnoglass has a twelve month low of $5.50 and a twelve month high of $12.34.

In related news, Director Martha L. Byorum sold 4,000 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $7.06, for a total transaction of $28,240.00. Following the completion of the transaction, the director now directly owns 113,651 shares in the company, valued at approximately $802,376.06. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Martha L. Byorum sold 7,000 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $7.09, for a total value of $49,630.00. Following the transaction, the director now owns 113,651 shares of the company’s stock, valued at $805,785.59. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,900 shares of company stock valued at $182,565. 67.20% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Northern Trust Corp grew its stake in Tecnoglass by 15.6% during the 2nd quarter. Northern Trust Corp now owns 34,006 shares of the company’s stock worth $317,000 after buying an additional 4,588 shares during the last quarter. Wells Fargo & Company MN grew its stake in Tecnoglass by 36.7% during the 2nd quarter. Wells Fargo & Company MN now owns 22,001 shares of the company’s stock worth $205,000 after buying an additional 5,902 shares during the last quarter. Vanguard Group Inc. grew its stake in Tecnoglass by 24.6% during the 2nd quarter. Vanguard Group Inc. now owns 77,402 shares of the company’s stock worth $722,000 after buying an additional 15,261 shares during the last quarter. Malaga Cove Capital LLC grew its stake in Tecnoglass by 23.8% during the 3rd quarter. Malaga Cove Capital LLC now owns 92,905 shares of the company’s stock worth $654,000 after buying an additional 17,881 shares during the last quarter. Finally, Boston Partners bought a new position in Tecnoglass during the 2nd quarter worth $975,000. Hedge funds and other institutional investors own 2.56% of the company’s stock.

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About Tecnoglass

Tecnoglass Inc, through its subsidiaries, manufactures and sells architectural glass and windows for residential and commercial construction industries in North, Central, and South America. The company offers soft coat, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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